How Much Is Mike Tyson’s Net Worth In 2020?

How Much Is Mike Tyson's Net Worth
Mike Tyson / Instagram

What is Mike Tyson’s net worth in 2020 and career earnings? See how much Tyson is worth and other interesting facts.

Mike Tyson is a retired boxer who fought in the rings for about 20 years. The greatest boxer of his generation, Tyson achieved a considerable success level, which established him as one of the greatest boxers the world has ever seen.

His outstanding boxing wits and unique style of boxing earned him several titles.

He first solidly announced his presence in the boxing scene as young as 20, when he defeated several contenders older than him to become the youngest heavyweight champion the world has seen.

To add to that, Tyson “The Baddest Man on the Planet” went on to become the first boxer to emerge as a champion of the WBA, WBC, and IBF titles, at the same time. He also became the first boxers to unify these titles.

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Career Highlights

  • Ring magazine Prospect of the Year (’85)
  • Ring magazine Fighter of the Year (’86, ’88)
  • 2× Sugar Ray Robinson Award winner (’87, ’89)
  • BBC Sports Personality of the Year Overseas Personality (’89)
  • International Boxing Hall of Fame inductee (2011)
  • WWE Hall of Fame (2012)

What is Mike Tyson’s Net Worth in 2020?

Mike Tyson’s net worth is approximately $3 million in 2020.

Considering that he was once the most talked-about athlete on the planet, his worth is quite low.

This is surprising and disappointing as the star earned about $300 million-plus in his very successful career.

Tyson Owns a 420 Acre Cannabis Resort that makes around £500,000 per month.

Tyson Ranch

The bulk of Tyson’s worth right now can be traced to his investment in ganja. Yes! Weed/marijuana. He owns a cannabis ranch, Tyson Ranch, where he grows his own cannabis.

He sells his own brand of weed and also sells weed wellness products. Monthly, the ranch sells as much as £500,000 worth of weed.

He also runs one of the most popular combat sports theme podcasts. The podcast is named Hotboxin’ With Mike Tyson.

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How Much is Mike Tyson’s Career Earnings?

Throughout the 2 decades of Mike Tyson’s boxing exploits, he earned between $300 million–$400 million in career earnings.

Tyson’s earnings were quite significant as compared to other top athletes of his time; he earned quite a lot.

To put this into perspective, compared to Michael Jordan, Mike Tyson’s career earning is massive.

During his 20 years career, his biggest payday was in 2002 when he went head to head against the then lineal heavyweight champion, Lennox Lewis. He earned about £28.4 million from that fight.

How Did Mike Tyson Blow His Money?

From all available information, Tyson’s decline in fortune can be credited to the personal troubles which he faced. From his marriage to his businesses, Tyson’s indiscipline haunted him. It even sent him to jail in 1991.

Tyson was sentenced to six years for the rape conviction of Miss Black Rhode Island, Desiree Washington, who was just 18 years old at the time.

He also lost his fortune as a result of a lack of investment. As soon as the star earned, he spent it in extravagant houses, and any luxury he longs for, which oddly includes pet tigers.

He filed for bankruptcy in 2003, after it was revealed he owed $23 million in debt. This was after the firing of his financial staff in 2000.

Endorsements

Though he left the ring 15 years ago, Tyson is still a prominent public figure, and brands have sought to leverage his fame to appeal to the public.

In 2019, he signed a 12 month deal with sports betting company, Parimatch. The deal will make Tyson the center of a campaign in Cyprus and the CIS region.

In 2017, he became the face of Ultra Tune, the Australian automotive servicing franchise.

Is Tyson Making a Comeback?

More than 10 years since his retirement, Tyson seems not to be totally done with boxing. In May 2020, a video surfaced with Tyson training. He then said, “I’m back” at the end of the video.

Many are eager to see the former heavyweight champion return to the ring.

He has reportedly been offered $20 million to fight in a bare-knuckle bout. In May 2020, The Sun reported that Tyson had been offered as much as $1 million to step into the ring with Toronto Wolfpack star Sonny Bill Williams.

Come November 28, 2020, Mike Tyson and Roy Jones Jr. are scheduled to face off in an exhibition match in California.

Mike Tyson’s House

In 2016, Mike Tyson bought a £2.5 million mansion in Las Vegas, Nevada. The mansion, which covers 8,149 square-foot was built in 2001.

The house has six bedrooms, six bathroomsa, a big swimming pool which can be compared to a lagoon, and a spa and outdoor fireplace.

Mike Tyson House in Las Vegas
Mike Tyson’s House is a £2.6 million mansion in Las Vegas which he bought in 2016.

Tyson once owned a 52 room mansion in Connecticut, which has its own night club.

The house, which covers about 50,000 square-foot, has 21 bedrooms, 25 bathrooms, several game rooms, an indoor court, an indoor pool, a hot tub, a recording studio, and a green screen room.

He sold the home to US rapper 50 Cents for £3.3 million. He had to sell to settle his enormous debt.

Summary

Net Worth:$3 Million
Date of Birth:June 30, 1966
Age:54 years old
Nationality:American
Source of Wealth:Professional Boxer, Actor, Film Producer, Investor
Last Update:2020

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Final Words

In 2020, Mike Tyson’s net worth is valued at $3 million.

Undoubtedly, Tyson had an awe-inspiring career. But a lack of discipline, which trails as far back as his tumultuous childhood, led him to incarceration and caused him a great financial blow.

Today, Mike Tyson is back in shape, in the ring, and on the cover of magazines, and we wish him all the best!

Please share with us in the comments section below.

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